Wipro Limited, a leading IT services company, has announced a 1:1 bonus share issue. This means that shareholders will receive one additional share for every one fully paid-up equity share held, including American Depository Share (ADS) holders. The record date for this bonus issue has been set as December 3, 2024. This decision aligns with Wipro’s historical pattern of rewarding its shareholders through bonus shares.
| Year | Bonus Share Ratio | Description of Bonus Share |
| 1981 | 1:1 | Shareholders received 1 additional share for every 1 share held. |
| 1985 | 1:1 | Shareholders received 1 additional share for every 1 share held. |
| 1987 | 1:1 | Shareholders received 1 additional share for every 1 share held. |
| 1989 | 1:1 | Shareholders received 1 additional share for every 1 share held. |
| 1992 | 1:1 | Shareholders received 1 additional share for every 1 share held. |
| 1995 | 1:1 | Shareholders received 1 additional share for every 1 share held. |
| 1997 | 2:1 | Shareholders received 2 additional shares for every 1 share held. |
| 2004 | 2:1 | Shareholders received 2 additional shares for every 1 share held. |
| 2005 | 1:1 | Shareholders received 1 additional share for every 1 share held. |
| 2010 | 2:3 | Shareholders received 2 additional shares for every 3 shares held. |
| 2017 | 1:1 | Shareholders received 1 additional share for every 1 share held. |
| 2019 | 1:3 | Shareholders received 1 additional share for every 3 shares held. |
| 2024 | 1:1 | Shareholders to receive 1 additional share for every 1 share held; record date set for December 3, 2024. |
A bonus share issue is a corporate action where a company rewards its shareholders by issuing additional shares at no extra cost. These shares are distributed in a specified ratio to existing holdings. While bonus shares do not alter the overall value of an investor’s holdings, they increase the number of shares, potentially enhancing liquidity in the market.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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